"Obesity is emerging as a serious concern among India’s adult population. According to National Family Health Survey 5 (NFHS-5), the percentage of men facing obesity in the age bracket 18-69 has increased to 22.9 per cent in NFHS-5 from 18.9 per cent in NFHS-4. For women, it has increased from 20.6% (NFHS-4) to 24.0% (NFHS-5)," the Economic Survey says.
There are talks on the Street about the affordable housing sector getting another round of push in the current budget. It is not the first time in the last ten years that it will be happening. It has happened in the past also. But there are some key differences between when it happened earlier and today's situation. The biggest being the fact that a regulatory tightening and a cleanup has taken place in the housing finance sector. The books of HFCs are in a much better condition, right from asset... Читать дальше...
The Survey highlighted the crucial role of the Kisan Credit Card (KCC) scheme in providing timely and hassle-free credit to farmers. By the end of 2023, there were over 7.4 crore operative KCC accounts. In April and May 2024, bank credit to agriculture and allied sectors grew by 19.7 per cent and 21.6 per cent year-on-year, respectively.
Economic Survey 2024 and stock market investment: The Economic Survey 2024 has been tabled in the Parliament today by Finance Minister Nirmala Sitharaman. The survey for FY 2023-24 has a word of caution for retail investors chasing higher returns by moving their investment money from bank FDs to share investments.
5 banks that offer up to 7.55% interest rates on 3-year FDs
The Economic Survey 2023-24 indicates that MGNREGS demand is not a true indicator of rural distress. Despite high rural unemployment, states like Bihar and UP utilized less MGNREGS funds than states with lower poverty levels, such as Tamil Nadu and Kerala. The survey highlights that MGNREGS fund usage is more influenced by institutional capacity and wage rate variations than by actual rural distress.
India, holding the fifth-largest GDP, attracts significant FPIs and FDIs despite recent tax changes. SEBI manages these investments while high-interest debt instruments draw global investors, targeting infrastructure and manufacturing. The Income-tax Act adjustments influence concessional rates. Simplified tax compliance and parity in tax rates for domestic and foreign investors further boost investment appeal.
The Economic Survey 2023-24 has recommended creating an index to better track infrastructure utilisation rates, addressing concerns of oversupply and shortfall. Current databases inadequately assess demand and utilisation. Improved data collection, aggregation, and reporting mechanisms are essential for a comprehensive understanding of infrastructure investment and progress, said the Survey.
The Economic Survey 2023-24 suggests that India's government should reduce its regulatory grip to enhance efficiency and growth. Despite improvements since the Licensing Era, red tape still burdens small and medium enterprises. The Survey advocates for a more liberated state to boost capacity and capability, echoing Prime Minister Modi's calls for minimal government interference.
Economic Survey 2024: The domestic pharmaceutical industry in India needs skill advancement, innovation, and a robust supply chain to meet the expected segment size of USD 130 billion by 2030, according to the Economic Survey 2023-24 tabled in Parliament on Monday. Currently, the Indian pharmaceutical market is valued at around USD 50 billion, making it the world's third-largest by volume.
The stock quoted a 52-week high price of Rs 42850.0 and low of Rs 33100.0.
Highlighting the role played by government-promoted open platforms and fintech players in the country’s progress, the Economic Survey said India is the third largest fintech market in the world.
The Economic Survey presented by Nirmala Sitharaman highlights social media, screen time, and unhealthy food habits among Indian youth as significant challenges for the economy. These factors threaten public health, productivity, and the nation's economic potential. The survey points out that the private sector plays a substantial role in exacerbating these issues, which it describes as "myopic."
As of 30-Jun-2024, promoters held 30.3 per cent stake in the company, while FIIs held 15.08 per cent and domestic institutional investors had 25.34 per cent.
Bitcoin, Solana, and Dogecoin led a positive crypto market movement. Bitcoin reached $68,450, eyeing $70,000, supported by Ethereum ETFs launch. President Biden's re-election decision influenced the market. Stablecoin volumes rose. Bitcoin whales slowed selling. BNB, Avalanche, Tron, and Chainlink surged, while Ethereum declined. Key Bitcoin support levels noted by ZebPay. Bitcoin ETFs saw net inflows, RSI positive.
The patient, 46-year-old Padmavathi, underwent severe abdominal pain, backache, and trauma for over six years until she had the needle removed at a separate hospital, the TOI report noted. The Karnataka State Consumer Disputes Redressal Commission directed Deepak Hospital and the doctors responsible for the 2004 botched surgery Rs 50,000 as litigation cost.
On the technical charts, the RSI of the stock stood at 51.49.
India's upcoming budget under PM Modi's coalition government is anticipated to balance deficit reduction with tax cuts and welfare spending. The focus is on boosting consumer spending and job creation, especially in rural areas. The budget speech will outline policies for the next five years, aiming to transform the nation by 2047.
On Monday, IDBI Bank announced a 40% year-on-year (YoY) increase in its standalone net profit to Rs 1,719 crore for the first quarter ending June 2024. In the corresponding quarter of the previous year, the net profit was Rs 1,224 crore.
Economic Survey: The Economic Survey, presented by Nirmala Sitharaman, emphasised the need to harness the rising aspirations of Indians within a democratic framework. The survey highlighted India's progress from a low-income to a low-middle-income country and addressed the complexity of this transition.
So, going forward also, we will continue to have a retail growth, retail deposits to a large extent and also a focus on the CASA.Bulk deposits or wherever the high cost deposits, we will be taking it whenever we require good assets on that.
On the technical charts, the 200-day moving average of the stock stood at Rs 2379.92.